First Trust Direct Indexing L.P. Invests $86,000 in 3D Systems Co. (NYSE:DDD)

First Trust Direct Indexing L.P. purchased a new position in shares of 3D Systems Co. (NYSE:DDDFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,268 shares of the 3D printing company’s stock, valued at approximately $86,000.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in 3D Systems by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 14,118,982 shares of the 3D printing company’s stock valued at $89,656,000 after acquiring an additional 168,162 shares in the last quarter. ARK Investment Management LLC raised its holdings in 3D Systems by 7.5% in the fourth quarter. ARK Investment Management LLC now owns 3,109,753 shares of the 3D printing company’s stock valued at $19,747,000 after acquiring an additional 216,637 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 3D Systems by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,130,655 shares of the 3D printing company’s stock valued at $7,180,000 after acquiring an additional 92,167 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its holdings in 3D Systems by 8.9% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 803,179 shares of the 3D printing company’s stock valued at $3,566,000 after acquiring an additional 65,616 shares in the last quarter. Finally, Caxton Associates LP raised its holdings in 3D Systems by 15.0% in the fourth quarter. Caxton Associates LP now owns 358,800 shares of the 3D printing company’s stock valued at $2,278,000 after acquiring an additional 46,896 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DDD shares. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Wednesday, June 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $8.25 price target on shares of 3D Systems in a research note on Tuesday, May 14th.

Check Out Our Latest Stock Analysis on 3D Systems

3D Systems Stock Performance

Shares of 3D Systems stock opened at $3.48 on Thursday. The firm has a market capitalization of $463.67 million, a P/E ratio of -1.22 and a beta of 1.72. 3D Systems Co. has a 52 week low of $2.93 and a 52 week high of $11.09. The company has a quick ratio of 3.24, a current ratio of 4.30 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $3.56 and its two-hundred day moving average is $4.32.

About 3D Systems

(Free Report)

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.

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Institutional Ownership by Quarter for 3D Systems (NYSE:DDD)

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